
NOMAN MUSTAFA
About Candidate
A highly strategic senior finance leader with more than 18 years of diverse commercial and analytical experience working within leading conglomerates and diversified businesses operating across various sectors such as Banking, Financial Services, FMCG, Consumer, Trading and Manufacturing.
Through advanced technical expertise, a strategically focused approach and highly developed commercial acumen, have spearheaded corporate transformation programs which have delivered significant bottom-line benefits and strengthened balance sheets while improving corporate governance.
Specialist expertise within developing corporate financial strategies, internal controls and compliance, financial modelling, budgets and forecasts, consolidated reporting, audit, ERP System implementation, private equity, fund accounting, taxation, financial management, business strategy and planning, process re-engineering/improvement, project/change management and commercial contract negotiations.
Education
Experiences
Mostafa Bin Abdullatif Investments is a diversified holding group, founded over 100 years ago, operating across multiple verticals including Investments, Real Estate, Distribution and Manufacturing. • Responsible for managing the accounting for various investment portfolios (offshore and onshore), including equity, private equity, debts and alternative investments. (AED 100 million). • Acting as a catalyst for sustained business performance and ensuring that strategies and plans are translated into concrete actions and tangible results. • Providing analytical support, including performance analysis and variance explanations. • Collaborating with auditors to facilitate the audit process and address any audit-related inquiries. • Working closely with the finance team to integrate investment data into the overall financial reporting process. • Demonstrating a strong understanding of business priorities and possessing strong stakeholder management skills to ensure timely communication and delivery of priorities. • Monitoring and evaluating the valuation of investment holdings, working closely with external pricing vendors. • Conducting reconciliations of investment accounts of shareholders, investigating and resolving discrepancies. • Identifying opportunities for process improvements and acting as a change agent for continuous improvement and transformational initiatives. • Leading the planning and execution of financial strategies to drive sustainable profitable growth across the region. • Leading a team of accounting professionals, providing guidance, mentorship, and performance evaluations to ensure the team met critical deadlines and achieved performance goals.
Sara Marketing is a leading distributor of European FMCG and Consumer products across the entire GCC region, primarily focused on the oral and skin care categories. • Full responsibility of preparation of VAT returns, financial statements (AED165 million) and cash flow management. • Collaborating with senior management, external auditors, and financial partners to address key accounting issues, resolve discrepancies, and provide insights on the financial impact of investment strategies. • Spearheading initiatives to improve accounting processes, streamline workflow efficiencies, and implement automation tools to optimize financial reporting. • Maintaining stock records of a diversified product range while ensuring that international shipments are accurately reflected in stock and ERP system. • Leading cross-functional projects related to new system implementations, accounting standard changes, and process redesigns to meet evolving business needs. • Preparing monthly forecasts (GCC region), providing strong basis for the budget preparation, managing all product costing and forecast cycles and leading annual review of standard costings. • Ensuring month end reports (MIS) are delivered accurately and timely, analysis of key trends and variances coupled with recommendations of cost saving measures and operational efficiency suggestions. • Supporting the implementation and maintenance of robust internal control systems to safeguard company assets and ensure compliance with financial policies and procedures. • Supported the overall improvements of ERP, systems, processes, and procedures
• Spearheading initiatives to improve accounting processes, streamline workflow efficiencies, and implement automation tools to optimize financial reporting. • Formulating policies & procedures and internal controls for the group finance department. • Obtaining MOH approvals for annual licenses and professionally coordinating with municipality to ensure compliance. • Acting in a senior capacity delegating assignments to, reviewing and approving the work of, and providing advice and direction to team members. • Supporting client and vendor negotiations by providing analytical insight and ensuring optimal balance of pricing, early payment discounts, rebates and volume commitments (where applicable). • Supporting the implementation of best practice financial planning techniques in line with business needs and supporting initiatives to improve the quality and consistency of business and finance data. • Finalizing, reviewing and analyzing monthly closing of accounts and preparation of accounts (AED 0.6 million) in accordance with IFRS.
Leading a team of 2 assistant managers, reviewing of financial statements (size of PKR 2 billion) and ensuring productivity results. • Managing 4 different funds 'Unit Trust of Pakistan' (PKR 1.3 billion) 'JS Pension Saving Funds' (PKR 300 million) 'JS Islamic Fund (PKR 200 million) and JS Fund of Funds (PKR 90 million). • Managing liquidity to maximize revenue and filing of statutory reports with Central Bank & SECP. • Identifying improvements in internal control environment, procedures & business processes. • Analytically reviewing financial statements with ratio analysis and reporting of variances. • Coordinating annual statutory audits, reviewing statutory compliance in financial reporting framework including IFRS.